June 5 #Options | High & Unusual Volume: Stocks & ETFs

The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of “Options 101“). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don’t know what you are doing. It’s for this reason why ONLY risk capital should ever be used.

One easy way to get a feel for options, or even bank on them, is to “follow the money.”

The lists below are the highest volume options traded today. When looking into one, visit StockCharts or your trading platform to pull up the chart so you can visualize and track the divergences, PPS spikes, and get a feel for why the volume was so high and if it is one you might want to track.

Top 10 Stock Options Traded

Symbol

Type

Strike

Exp Date

Last

Volume

OI

IV

MYL

Call

42.5

06/15/18

0.16

105,732

56,674

35.41%

CMCSA

Call

35

01/18/19

1.23

50,201

96,000

25.54%

BAC

Call

30

06/08/18

0.01

43,822

46,321

36.73%

M

Call

42

07/20/18

1.05

40,751

112

32.35%

CZR

Call

13

07/20/18

0.15

40,577

4,037

36.26%

JCP

Call

3

07/20/18

0.07

40,526

7,050

63.25%

M

Call

38

07/20/18

2.93

31,729

31,265

31.52%

MYL

Call

45

07/20/18

0.47

27,091

6,120

35.22%

GE

Put

12

06/15/18

0.03

27,070

57,917

58.61%

AAPL

Call

195

06/08/18

0.61

26,306

13,379

22.33%

Top 10 ETF Options Traded

Symbol

Type

Strike

Exp Date

Last

Volume

OI

IV

XLF

Call

28

07/20/18

0.36

40,861

199,010

15.06%

SPY

Put

275

06/08/18

0.74

40,505

20,593

9.70%

QQQ

Put

170

06/29/18

1.04

39,760

20,422

16.60%

SPY

Call

275

06/06/18

0.8

36,018

7,210

13.00%

XLF

Call

30

07/20/18

0.05

34,249

124,633

17.31%

SPY

Put

266.5

06/08/18

0.04

31,659

4,163

21.37%

SPY

Call

275

06/08/18

1.2

31,641

33,051

14.03%

SPY

Put

275

06/06/18

0.36

31,095

3,372

7.22%

XLF

Call

28

06/15/18

0.1

30,301

155,603

17.56%

QQQ

Put

165

07/20/18

0.98

30,014

29,602

18.39%

Unusual Options Activity

Provides insight on what “smart money” is doing with large volume orders. Option volume that exceeds open interest signals new positioning.